How to Get Best Car Prices in 2024 Whether you buy new or used, lease or buy, you should try to get the best possible deals on your car. Car prices are not like hamburger prices at McDonalds where the same burger costs exactly the same every day in every location. Car prices can vary day to day, dealer to dealer,  location to location — and can be negotiated. So how do you get the best … Read More

What You Should Know About What’s Happening to Car Buying and Leasing Costs Whether you lease or buy your next new car, there are some things you might want to be aware of — things that have changed significantly since you last purchased or are now changing that will affect what you pay for your next car. Average Prices for New Cars are Going Up The average price of a brand new car this year … Read More

Where are the best lease deals this year? As you might already know, the very best car lease deals for 2024 are special promotional leases that are frequently offered by car manufacturers and their dealers to attract new leasing customers. These deals are typically only offered for one month on selected models and are genuinely excellent deals — much better deals than customers could negotiate on their own. With the popularity of leasing growing so … Read More

The Quickest and Easiest Way to Build Your Credit Score This explains an exciting new way to boost your credit score just by using the bank accounts you already use to pay your bills. Experian Boost is a feature offered by Experian, one of the major credit reporting agencies, designed to help individuals improve their credit scores. This feature allows users to add additional payment histories to their credit files, which can potentially boost their … Read More

Car manufacturers’ lease deals can be worth considering, but it depends on your specific needs, financial situation, and the details of the deal itself. Here’s a breakdown of the factors to consider: Advantages of Manufacturer Lease Deals: Lower Monthly Payments: Manufacturers often offer promotional lease deals with lower monthly payments to attract customers to certain models, especially overstocked or outgoing models. Low (or No) Down Payment: Some deals come with low or even no down … Read More

Your credit score plays a significant role when buying or leasing a car, as it directly influences the financing terms you’re offered. Here’s how: When Buying a Car: Loan Approval: A good credit score increases your chances of being approved for a car loan. Lenders use your credit score to assess the risk of lending to you. Interest Rates: The higher your credit score, the lower the interest rates you’re likely to receive. Over the … Read More

Whether car leasing is worth it depends on your individual circumstances, preferences, and financial situation. Here are some factors to consider: Advantages of Leasing a Car: Lower Monthly Payments: Generally, leasing a car offers lower monthly payments compared to buying a car with a loan. This is because you’re primarily paying for the vehicle’s depreciation during the lease term, not its full value. Drive Newer Cars More Often: Leasing allows you to drive a new … Read More

Getting out of a car lease early can be a bit tricky and often involves additional costs, but there are several strategies you can consider: Lease Transfer: This is often the most cost-effective method. You can transfer your lease to someone else who will take over the payments. Websites like LeaseTrader or Swapalease specialize in these types of transactions. However, keep in mind that not all leasing companies allow transfers, and even if they do, … Read More

Determining whether your car lease deal is good or bad involves evaluating several key factors to ensure that it aligns with your budget and needs. Here are the steps to help you assess the quality of your car lease deal: 1. **Understand the Terms of the Lease:** – Carefully review the lease agreement to understand the terms, including the lease duration, monthly payments, down payment, mileage allowance, and any additional fees or charges. 2. **Calculate … Read More

Car leasing offers several conveniences that can make it more attractive than buying a car with a loan for certain individuals and situations. Here are some ways in which car leasing can be more convenient: Lower Initial Costs: Leasing typically requires a lower initial down payment compared to purchasing a car with a loan. This can make leasing more accessible for individuals who may not have a significant amount of cash on hand for a … Read More

Car lease fees and taxes in New Jersey, like in many other states, can vary depending on several factors, including the value of the leased vehicle, your location within the state, and any local taxes or fees imposed by your municipality. Here are some common fees and taxes you may encounter when leasing a car in New Jersey: Sales Tax: New Jersey imposes a 6.625% sales tax on the total purchase price of a leased … Read More

Finding the best lease deals on new cars requires research, negotiation skills, and careful comparison. Here’s a step-by-step guide to help you find the most attractive lease offers: Determine Your Budget: Before you start shopping for lease deals, establish a realistic budget that includes monthly payments, an estimated down payment, and other associated costs, such as taxes and fees. Research the Market: Start by researching the new car models you’re interested in. Look for vehicles … Read More

The decision between leasing and buying a new car depends on your individual financial situation, preferences, and specific needs. Both options have their advantages and drawbacks, so it’s essential to consider your circumstances and priorities when making a choice. Here’s a breakdown of the pros and cons of leasing and buying a new car to help you decide which might be better for you: Leasing a New Car: Pros: Lower Monthly Payments: Lease payments are … Read More

If you are over your lease mileage allowance when you return your car, you may incur additional charges and fees from the leasing company. It’s important to understand how excess mileage is typically handled in lease agreements and what to expect in such a situation: 1. **Excess Mileage Charges**: Most lease agreements specify a maximum mileage allowance for the lease term, such as 12,000, 15,000, or 18,000 miles per year. If you exceed this mileage … Read More

Yes, it is possible to change from a lease to a finance loan for the car you are currently leasing. This process is often referred to as a lease buyout or lease-to-own conversion. There are typically two types of lease buyouts: a “purchase option” buyout and a “finance buyout.” Here’s an overview of both options: **1. Purchase Option Buyout (Residual Value Buyout):** In many lease agreements, there is a predetermined purchase option price, also known … Read More

Yes, it is possible to trade a car that is being leased. This process is often referred to as a lease trade-in or lease buyout, and it allows you to replace your current leased vehicle with a new one before the lease term is over. Here’s how it typically works: 1. **Evaluate Your Current Lease**: First, review your existing lease agreement to understand the terms and conditions, including the remaining lease term, mileage limits, and … Read More

When you lease a car, you’re essentially renting it for a predetermined period, typically two to three years. Unlike buying a vehicle, leasing doesn’t involve long-term ownership, and this arrangement comes with unique considerations, including the need for GAP insurance. This article will delve into the intricacies of GAP insurance for leased cars, explaining what it is, why it’s important, how it works, and whether you should get it. ## What is GAP Insurance? GAP … Read More